“Several international investors, including Gulf sovereign wealth funds, have showed interest in Wataniya and the Siemens-built power plant…I see that we should secure a strategic investor ahead of the IPO…The IPO could be achieved through a private placement to sovereign wealth funds.”

–Ayman Soliman, CEO of Egypt’s SWF, according to Bloomberg. The sales are planned for this year through either an IPO, a partnership with a strategic investor or a combination of the two, he said. [Bloomberg]